US equity indexes fell Wednesday as the technology sector paced declines and traders assessed Federal Reserve Chair Kevin Warsh's comments on inflation.
* Warsh said price risks have eased in recent weeks and reiterated his aim to bring inflation down to the Fed's 2% target, Bloomberg reported.
* The US and Iran held indirect technical talks in Doha aimed at securing shipping flows through the Strait of Hormuz and a lasting ceasefire, Reuters reported, citing a source with direct knowledge of the talks and an Iranian official.
* The Institute for Supply Management's US manufacturing index fell to 53.3 in June from 54 in May, compared with forecasts for 53.9 in a Bloomberg poll.
* The S&P Global US manufacturing index for June was revised down to 53.9 from the flash reading of 55.7, versus expectations that the flash reading would be unrevised.
* August West Texas Intermediate crude oil fell $1.52 to settle at $67.98 per barrel, while August Brent crude, the global benchmark, was last seen down $1.83 at $71.13.
* Micron Technology (MU) signed a strategic customer agreement with General Motors (GM) to provide a long-term supply of memory and storage platforms for the automaker's future vehicle production. Micron shares still fell 11%.
* Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud, Bloomberg reported. Meta shares rose 8.8%, the second-biggest gainer on the Nasdaq.
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